Property taxes are the primary tool for financing local governments. While no taxpayers in high-tax jurisdictions will be celebrating their yearly payments, property taxes are largely rooted in the benefit principle of taxation: the people paying the property tax bills are most often the ones benefiting from the services.
9 min read
Property taxes are the primary tool for financing local governments and generate a significant share of state and local revenues.
6 min read
Property taxes are the primary tool for financing local governments and generate a significant share of state and local revenues.
6 min read
Property taxes are the primary tool for financing local government and generating state-level revenue in some states as well.
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The six counties with the highest median property tax payments all have bills exceeding $10,000—Bergen, Essex, and Union Counties in New Jersey, and Nassau, Rockland, and Westchester counties in New York. All six are near New York City, as is the next highest, Passaic County, New Jersey ($9,881).
3 min read
The five counties with the highest median property tax payments are all located near New York City and have bills exceeding $10,000.
3 min read
